A cryptocurrency scamming group, CryptoGrab, has taken the bold step of registering as a private company in the UK. CryptoGrab offers various phishing services targeting cryptocurrency users, including the Nova Drainer and more traditional seed phrase phishing techniques. It is not uncommon for malicious actors to register fraudulent entities in the UK due to the relative ease in which companies can be registered. The group has stated in Telegram that this gives them access to platforms such as Binance and eToro. We have reported this organization to Action Fraud and Companies House in the UK. This blog aims to highlight the activities of this threat group and suggest ways to protect your assets.